Bitdeer Mined 166 BTC in August: A Big Month for Bitcoin Cloud Mining
CryptoNewsTerminal Staff05 Sep, 2024
Bitdeer Mined 166 BTC in August: A Big Month for Bitcoin Cloud Mining
Bitcoin cloud mining firm Bitdeer, led by former Bitmain co-founder Wu Jihan, has announced that it mined 166 BTC in August, according to the company’s mining and operations report. This represents a significant increase from the 129 BTC that Bitdeer mined in July. The company's hashrate also increased in August, from 6.4 EH/s to 7.0 EH/s, making it one of the largest Bitcoin miners in the world. Bitdeer's success is a sign of the growing popularity of Bitcoin cloud mining. Cloud mining allows investors to mine Bitcoin without having to purchase and operate their own mining equipment. This makes it a more accessible and affordable option for those who want to participate in the Bitcoin mining industry.
